The Internal Revenue Service’s Criminal Investigation unit launched 2,039 tax and money laundering cases related to COVID fraud over the past five years.
Day: March 26, 2025
Taxpayers want Direct File, but relatively few have used it
The Internal Revenue Service’s Direct File program is attracting interest this tax season, but lack of familiarity and budget cuts at the IRS may doom it.
Treasury publishes rule narrowing BOI reporting
The Treasury Department limited the scope of the Corporate Transparency Act’s beneficial ownership reporting requirement to foreign companies.
CFA Institute calls for better disclosures of intangible assets
The CFA Institute is urging accounting standard-setters to require more detailed disclosures of intangible assets before they’re recognized on the balance sheet.
AICPA, CalCPA want more clarity on California climate rules
The CPA organizations sent a joint comment letter to the California Air Resources Board asking for changes in the state’s climate risk disclosure rules.